Linear

Retail investors generally cannot buy shares directly. Access typically runs through accredited-investor marketplaces, employee tender programs, or funds that have already built a position — and is subject to the company’s transfer restrictions and rights of first refusal.

Linear's employee tender priced at its Series C mark — flat rather than a premium — consistent with a company running a routine liquidity event between funding rounds rather than signaling a valuation jump.

No. Secondary marks reflect the price a buyer and seller agreed on in a specific transaction, not a valuation the company itself set. They are a useful demand signal, not an audited or company-endorsed figure.